30 November 2011 – The European Climate Foundation has published a contributing study to the Roadmap 2050 initiative titled Financing for a Zero-Carbon Power Sector in Europe. This report presents 29 findings from a consultation with over 100 financial institutions across Europe.
The main findings of the report are as follows:
- There is a general consensus is that there is a funding gap between the finance needed for the low-carbon power sector and available sources.
- There is a need to focus on refinancing power generation assets earlier, transforming utilities from owners to managers of power stations.
- New financing models and mechanisms need to be found to attract other sources of capital, with a specific focus on institutional investors.
- Governments need to create a robust investment policy framework by including the financial community more directly in the policymaking process.
- Policymakers need to optimally allocate public sources to buy down risks in order to leverage more private-sector investments in the power sector.
For more information on this project, please contact Martijn Broekhof.
Download the report from the Roadmap 2050 website.